banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
What India’s Massive Farming Protests Could Mean for Agricultural Trade
795 views
0 comm

What India’s Massive Farming Protests Could Mean for Agricultural Trade

Thousands of Indian farmers, spanning more than 40 unions, have camped out in Delhi since November 26th, 2020, to protest. But it is not just the number of farmers that makes the protests so large and notable. According to Devinder Sharma, a trade and food policy analyst, “This protest is unique. It is not driven by politics or religion. In fact, politicians are reacting to it.” Back in September, in protest against the laws, a key ally of the government had already quit. Moreover, the farmers have been there since late November and have built almost a town, with many saying that they have enough resources to remain in place for another year.

The farmers are protesting three market-friendly reform bills that Prime Minister Narendra Modi rushed through parliament last autumn. They deregulate the farming market and let farmers sell directly to consumers rather than through markets known as mandis. And to top it all off, the Prime Minister’s lack of consultation and the rushed process have only deepened the fears and objections of the farmers.

EXIMA

But despite such protests, most agronomists and economists are stating that agriculture reform is desperately needed in India. The farmers have many different complaints, but the main fear seems to be about the removal of price floors which are supposed to help farmers survive droughts, blights, and other setbacks. However, the price floors have distorted rice and wheat markets everywhere. The new bills were not clear on what would be the future of the price floors.

Fortunately, Prime Minister Modi has since relented—a rare occurrence in his increasingly authoritarian government—and suspended the reforms. But the farmers seemed to be emboldened by this more than anything and are demanding the complete withdrawal of the bills.

Stay in the Loop with EXIMA

At EXIMA, we are dedicated to providing all our users with the information they need to trade worldwide successfully. Whether you are just getting started in the international trade world or are a veteran, our association is here to support you and provide all the necessary resources. Come check out our site today!

You May Also Like

Jun 22
2022
How Scotland’s New Freeports Will Benefit Its Economy

Two new "green" freeports will be established in Scotland before the end of the year, reducing carbon emissions...

Staff
Comments (0)
May 13
2019
Inspiring Business Ideas for French Entrepreneurs

Thinking of starting a new business in France? We’ve compiled some ideas for the inspired French entrepreneur....

Staff
Comments (0)
This website uses cookies. By using this website, you consent to our use of these cookies